It’s safe to say that over the last three years the Atlanta Real Estate Market has seen some amazing changes, most of which are not what we would call favorable. From the highs of 2006 it was inevitable that the market would experience some decline we just didn’t know how much of a decline there was going to be.
The chart below show what has happened in the Greater Atlanta Market in the last three years. I think it is interesting to see that in the last half of 2009 the market began marking a bit of a comeback. Prices began inching upward as did the number of closings. They have not reached the values from early 2007 however they are definitely moving in the right direction.
One of the interesting things about the Atlanta Market is that it did not experience drastic jumps downward and probably will not shoot upwards in a drastic fashion either. It has been stated time and time again that we will know when we are coming out of the housing decline about 3 to 6 months after it begins to happen. I think we are starting to come out of the decline and will research the numbers for the first quarter of 2010 and publish them in several weeks.
|
Month |
Single Family Detached Ave Sale |
Closings |
Single Family Attached Ave Sale |
Closings |
|
Jan-07 |
254,388 |
3,434 |
190,450 |
658 |
|
Feb-07 |
254,659 |
4,191 |
192,811 |
743 |
|
Mar-07 |
268,799 |
5,107 |
190,240 |
963 |
|
Apr-07 |
265,818 |
4,797 |
202,190 |
875 |
|
May-07 |
276,891 |
5,045 |
201,108 |
907 |
|
Jun-07 |
292,245 |
5,310 |
199,502 |
910 |
|
Jul-07 |
278,797 |
5,150 |
201,168 |
891 |
|
Aug-07 |
278,871 |
4,343 |
193,009 |
785 |
|
Sep-07 |
265,029 |
3,406 |
199,165 |
611 |
|
Oct-07 |
248,333 |
3,509 |
183,735 |
676 |
|
Nov-07 |
262,811 |
3,228 |
202,943 |
623 |
|
Dec-07 |
250,910 |
3,178 |
186,034 |
579 |
|
|
|
|
|
|
|
Jan-08 |
246,833 |
2,401 |
176,895 |
386 |
|
Feb-08 |
239,232 |
2,939 |
177,083 |
541 |
|
Mar-08 |
246,901 |
3,599 |
180,556 |
648 |
|
Apr-08 |
240,473 |
3,564 |
186,238 |
561 |
|
May-08 |
250,547 |
3,881 |
181,518 |
692 |
|
Jun-08 |
258,736 |
4,041 |
178,775 |
631 |
|
Jul-08 |
252,878 |
3,803 |
187,250 |
674 |
|
Aug-08 |
241,761 |
3,737 |
178,747 |
572 |
|
Sep-08 |
214,823 |
3,774 |
172,024 |
635 |
|
Oct-08 |
224,649 |
2,901 |
164,965 |
486 |
|
Nov-08 |
198,621 |
2,385 |
161,192 |
362 |
|
Dec-08 |
208,965 |
2,994 |
169,632 |
437 |
|
|
|
|
|
|
|
Jan-09 |
185,294 |
2,220 |
155,936 |
300 |
|
Feb-09 |
179,368 |
2,411 |
155,467 |
345 |
|
Mar-09 |
183,800 |
3,215 |
154,271 |
512 |
|
Apr-09 |
191,803 |
3,303 |
144,164 |
482 |
|
May-09 |
199,668 |
3,481 |
145,312 |
528 |
|
Jun-09 |
217,790 |
4,105 |
162,121 |
668 |
|
Jul-09 |
218,840 |
4,324 |
157,537 |
655 |
|
Aug-09 |
203,041 |
3,768 |
148,779 |
681 |
|
Sep-09 |
203,440 |
3,583 |
142,940 |
697 |
|
Oct-08 |
201,038 |
3,791 |
157,721 |
741 |
|
Nov-09 |
197,941 |
3,630 |
147,346 |
747 |
|
Dec-09 |
202,135 |
3,357 |
155,819 |
622 |
Let me know what you think…
{ 3 comments… read them below or add one }
We have seen a few more estimates come our way for moving homes/families of the mid to larger variety the last few weeks but the activity is still up and down. Have yet to see a major upward push for the traditional moving season.
Have you seen a push in contracts on the buying and selling end as people rush to get a deal in before the tax credit expires?
It looks like a good time to buy real estate in your area. We have a number of bank foreclosures in Bend Oregon. I hope your have a good year.
Thanks for stopping by Jim. As soon as I can get the final numbers for the first 3 months of this year I will be posting them. It appears as though the higher end of the market is going to be slower in recovery than the less expensive homes.